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Wednesday, December 21, 2011

Business Law Quiz - 9

1. Ratification of an act does not create a contract of agency
[A]TRUE
[B]FALSE



2. Registration is compulsory for all the companies.
[A]TRUE
[B]FALSE



3. Registration of firm is a condition precedent for filing the suit for seeking the remedy which arises out of contractual obligations.
[A]TRUE
[B]FALSE



4. Section 10 of the Indian Contract Act, 1872 applies to contract of sale.
[A]TRUE
[B]FALSE



5. Sections 1 to 75 of the Indian Contract Act, 1872 provides for the special contracts.
[A]TRUE
[B]FALSE



6. Services rendered by the Post and Telephone Department are covered by the Consumer Protection Act, 1986
[A]TRUE
[B]FALSE



7. Special agent and Particular agent mean one and the same thing.
[A]TRUE
[B]FALSE



8. Special Notice and Special Resolution mean one and the same.
[A]TRUE
[B]FALSE



9. Specific goods are those which are identified and agreed upon at the time of a contract of sale is made.
[A]TRUE
[B]FALSE



10. Statutory meeting is to held once in life time of a company.
[A]TRUE
[B]FALSE



11. Stock is a synonym used for Shares.
[A]TRUE
[B]FALSE



12. Subsidiary company can hold shares and can acquire membership of the holding company.
[A]TRUE
[B]FALSE



13. The Act is passed merely to settle the disputes of commercial transactions.
[A]TRUE
[B]FALSE



14. The Central Government may, by license direct the association to be registered which is formed as a limited company for promoting commerce, art etc.
[A]TRUE
[B]FALSE



15. The change of name shall affect all the rights and obligations of the company.
[A]TRUE
[B]FALSE



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